Uganda Takes its First Steps Toward Bitcoin Regulation

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A UN organization focused on criminal justice issues has released details about a meeting on bitcoin and digital currencies this past summer in Uganda.

Held in Kampala on 7th July, the meeting drew support from the United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI); the Bank of Uganda; and the University of Birmingham Law School.

Dr Maureen Mapp, a teaching fellow for the University of Birmingham Law School who spearheaded the event, told CoinDesk that the aim of the event was to establish a basis from which bitcoin regulation could be crafted in Uganda.

Should the effort move forward, Uganda would be one of the first African countries to regulate bitcoin. (Data from CoinDesk Research shows that interest on the continent is growing, but that its startup sector lags behind those internationally).

Indeed, Mapp said the effort grew out of a digital currency research project conducted with the Commonwealth Secretariat that showcased to her how Ugandan public officials were largely in the dark about the technology’s benefits and risks.

Mapp told CoinDesk:

“I was inspired to engage with policy makers and regulators in order to investigate whether states

Read more ... source: TheBitcoinNews

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